JUNE 2021 TBC2 Coin Newsletter
JUNE 2021 TBC2 Coin Newsletter
Unexpected Market Movements
This year Bitcoin and the entire crypto market has seen the biggest bull run in history with prices reaching new all-time highs for most cryptocurrencies. However, before they could move up another leg, as expected by many retail investors on May 12th, 2021 the temporary ceiling was reached.
Market cap gradually dropped as low as 44% from $2.5 trillion to $1.4 trillion over just 10 days before regaining back to the $1.6 trillion range. During this blip & downward spiral, the King of crypto – ¨Bitcoin¨ had a sharp flash crash losing over 50% of value temporarily going from $59k to under $30k eventually regaining around mid $30k where it has been trading sideways. The second largest cryptocurrency Ethereum faced a similar situation plunging from $4300 to $1900 range negating 44% of its value. This now has recovered some as well to the $2500 range.
Market Manipulation and its Domino Effect
It wasn’t long until enthusiasts started pointing at Elon Musk as one of the catalysts behind this big pullback. On May 12, Musk said Tesla, the largest electric car manufacturer had suspended vehicle purchases using bitcoin, citing environmental concerns over the computational “mining” process. This is where high-powered computers are used to solve complex mathematical puzzles to enable transactions using bitcoin and secure the network.
Surprisingly Musk’s comments caused over $300 billion to be wiped off the entire cryptocurrency market that very day.
The following week three of China’s banking and payment industry bodies took a hard-line, issuing warning to financial institutions not to conduct cryptocurrency related business including trading or exchange against fiat currency.
Like any other financial market, Cryptocurrency has its own shares of whales and manipulators. In correlation with the news the whales made their moves selling off billions of dollars in crypto, around the time while also moving funds around to better position themselves for future accumulation.
No Whales or Manipulators in TBC2
However, TBC2 has been free of whales or any other group of manipulators. The distribution has been fair and proper providing everyone the opportunity to be a part of this community lead crypto coin, without letting any specific individual or group of people wield any control over it. As we’re in the last two rounds of distribution, the new buyers (and current wallet holders buying more) are going to get a huge 50% bonus on their purchase in this penultimate Round 8. With this kind of distribution, the entire community of TBC2 owners never have to fear whale manipulation! And it is still for sale at the same price from the get-go at 2 cents per coin (Fiat-not crypto currency) plus all relevant bonuses to date!
As the global cryptocurrency market moves through its cycle of boom and bust, it’s gradually moving towards a much wider mainstream adoption from major institutions and the retail sector at a pace never witnessed before.
So, take this opportunity of largesse to buy as much as you can (under $0.02/2 cents of fiat currency) and complete this amazing journey we started with a glimmer of hope, way back in September 2017…
